CONTINUED ORGANIC PROFIT GROWTH IN A CAREFUL MARKET
After a strong start, operating profit (EBITA) in the second quarter increased by 8.2% to SEK 6.1 million compared to SEK 5.6 million in the same period last year, while net sales increased by 1.3% to SEK 213.6 million from SEK 210.8 MSEK.
We continue to focus on increased profitability and capital efficiency in the group and during the summer have taken the opportunity to implement a series of cost-saving measures which are estimated to reduce running costs by around SEK 13 million on an annual basis from and including the end of the current year compared to the target of SEK 10 million that was communicated in the quarterly report for the third quarter of 2023.
QUARTER APRIL 1 - JUNE 30 2024
| MSEK | apr-jun 2024 | apr-jun 2023 | Δ% | of which organic, in percentage points | of which acquired growth in percentage points |
| Net sales | 213,6 | 210,8 | 1,3% | 1,3% | - |
| EBITDA | 16,8 | 15,2 | 10,4% | 10,4% | - |
| EBITA | 6,1 | 5,6 | 8,2% | 8,2% | - |
| Adjusted EBITA* | 7,2 | 5,2 | 38,1% | 38,1% | - |
| EBIT | 4,1 | 2,1 | 95,7% | 95,7% | - |
| Profit before tax | -9,0 | -17,0 | |||
| Profit after tax | -8,6 | -13,0 | |||
| EBITA-margin % | 2,8% | 2,7% | |||
| Adjusted EBITA-margin %* | 3,4% | 2,5% | |||
| Operational cash flow | 1,1 | 1,6 | |||
| Earnings per share before dilution, SEK | -1,4 | -2,1 | |||
| Earnings per share after dilution, SEK | -1,40 | -2,1 |
PERIOD JANUARY 1 - JUNE 30 2024
| MSEK | jan-jun 2024 | jan-jun 2023 | Δ% | of which organic, in percentage points | of which acquired growth in percentage points |
| Net sales | 414,4 | 403,3 | 2,8% | 2,8% | - |
| EBITDA | 39,3 | 37,8 | 4,0% | 4,0% | - |
| EBITA | 18,0 | 19,8 | -9,1% | -9,1% | - |
| Adjusted EBITA* | 21,8 | 15,8 | 37,8% | 37,8% | - |
| EBIT | 13,9 | 12,6 | 10,4% | 10,4% | - |
| Profit before tax | -12,7 | -22,0 | |||
| Profit after tax | -11,8 | -16,5 | |||
| EBITA-margin % | 4,3% | 4,9% | |||
| Adjusted EBITA-margin %* | 5,3% | 3,9% | |||
| Operational cash flow | 14,2 | 9,8 | |||
| Earnings per share before dilution, SEK | -1,9 | -2,6 | |||
| Earnings per share after dilution, SEK | -1,9 | -2,6 |
ROLLING TWELVE MONTH PERIOD JULY 1 2023 - JUNE 30 2024
| MSEK | jul 2023 - jun 2024 | jul 2022 - jun 2023 | Δ% | of which organic, in percentage points | of which acquired growth in percentage points |
| Net sales | 830,3 | 822,3 | 1,0% | 17,5% | -16,5% |
| EBITDA | 91,0 | 86,1 | 5,7% | 5,7% | - |
| Adjusted EBITDA as defined in bond terms* | 100,2 | 86,1 | 16,3% | 16,3% | - |
| EBITA | 48,0 | 53,1 | -9,6% | 3,7% | -13,3% |
| Adjusted EBITA* | 57,2 | - | |||
| EBIT | 38,8 | 37,6 | 3,2% | 3,2% | - |
| Profit before tax | -14,6 | -16,7 | |||
| Profit after tax | -32,3 | -7,9 | |||
| EBITA-margin % | 5,8% | 6,5% | |||
| Adjusted EBITA-margin % | 6,9% | - | |||
| Operational cash flow | 45,0 | 29,0 | |||
| Earnings per share before dilution, SEK | -5,1 | -1,3 | |||
| Earnings per share after dilution, SEK | -5,1 | -1,3 | |||
| Net debt | 405,7 | 388,1 | |||
| Net debt/EBITDA | 4,46 | 4,51 | |||
| Net debt/Adjusted EBITDA as defined in bond terms* | 4,05 | 4,51 |
* Adjusted EBITDA in accordance with the bond terms
This information is being disclosed by Stockwik Förvaltning AB (publ) in compliance with the Market Securities Act. The information was submitted for publication at 07:00 (CEST) on August 23, 2024, through the designated contact person provided below.
For further information, please contact:
Urban Lindskog, President and CEO
Stockwik Förvaltning AB (publ)
E-mail: info@stockwik.se
About Stockwik
Stockwik offers a stable platform for small businesses to develop both organically and through acquisitions. Stockwik's companies offer value-adding products and services to corporate customers. Stockwik is listed on Nasdaq Stockholm Small Cap with the short name STWK.
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